Mutual Advisors LLC bought a new stake in SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 889 shares of the software maker's stock, valued at approximately $247,000.
Several other institutional investors have also recently added to or reduced their stakes in SAP. Principal Street Partners LLC grew its stake in shares of SAP by 1.0% in the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after buying an additional 35 shares in the last quarter. Alaethes Wealth LLC lifted its holdings in shares of SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after purchasing an additional 39 shares during the last quarter. D Orazio & Associates Inc. lifted its holdings in shares of SAP by 3.1% in the 1st quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock worth $367,000 after purchasing an additional 41 shares during the last quarter. Warther Private Wealth LLC increased its position in SAP by 2.8% in the 1st quarter. Warther Private Wealth LLC now owns 1,711 shares of the software maker's stock valued at $459,000 after acquiring an additional 47 shares during the period. Finally, Moors & Cabot Inc. increased its position in SAP by 4.9% in the 4th quarter. Moors & Cabot Inc. now owns 1,022 shares of the software maker's stock valued at $252,000 after acquiring an additional 48 shares during the period.
Analysts Set New Price Targets
SAP has been the topic of several research analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. BMO Capital Markets lifted their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Wells Fargo & Company started coverage on SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock. Finally, Piper Sandler assumed coverage on SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating on the stock. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $271.83.
View Our Latest Stock Analysis on SAP
SAP Stock Performance
SAP stock traded down $3.38 during mid-day trading on Friday, hitting $302.84. 405,152 shares of the company were exchanged, compared to its average volume of 1,088,778. SAP SE has a 1-year low of $194.93 and a 1-year high of $313.28. The business has a 50 day simple moving average of $299.09 and a 200-day simple moving average of $278.96. The stock has a market capitalization of $372.03 billion, a PE ratio of 58.02, a price-to-earnings-growth ratio of 4.43 and a beta of 1.30. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. On average, equities analysts forecast that SAP SE will post 6.55 earnings per share for the current year.
SAP Company Profile
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Free Report)
SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
Further Reading

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